| News roundup: Apollo gets stake in Gramercy facility; Mall of ...
Xstrata to sell alumina refinery: Xstrata has agreed to sell aluminum plants and a bauxite mine to Apollo Management for $1.15 billion. The deal will also give Apollo a 50% stake in an aluminum refinery in Gramercy. The deal is expected to be completed during this quarter. Shop in advance: The Mall of Louisiana has a new feature that allows people to check online if stores have the items they want before heading out to the shopping center. The Web site ps.malloflouisiana.com also allows shoppers to reserve items and offers news on sales and promotions. B.R. company gets planning contract: IEM has renewed a contract to help Alabama officials plan for catastrophic events ranging from hurricanes to terrorist attacks. The Baton Rouge company has worked with the Alabama Emergency Management Agency for the past two years.
Sandusky Mall rebounds after some lean times
SANDUSKY — From U.S. Route 250, the Sandusky Mall is a nondescript shell of a structure that's nearly hidden by a dense patch of retail stores, motels and signs so close together they seem to become a giant work of pop art. Despite the 31-year-old mall's lack of visual appeal, it has 92 stores inside and an enviable occupancy rate of 96 percent, which the mall's owner, the Cafaro Co. of Youngstown, says will reach 100 percent by summer. Cafaro is preparing to add another 75,000 square feet outside for several new, nationally known tenants and another 65,000 inside the mall for other new tenants, which are to be announced in April. Cafaro also is in the early stages of developing an upscale apartment complex and outdoor lifestyle center on 14 acres that will connect with the enclosed mall, according to Norm Peters, senior vice president for real estate for Cafaro, the mall's only owner.
BUSINESS BULLETIN BOARD
Sean W. Westhoff, Peter M. Westhoff and Benjamin F. Westhoff have formed the Westhoff Law Firm LLC with offices in Clayton. Jason A. Charpentier has joined the firm as of counsel. The firm will concentrate its litigation practice in personal injury, employment, real estate, domestic relations and criminal law.
-7751 Carondelet Avenue
Suite 606 .
Dh 20 Million Wafi heist - the Story
Dubai - April 17: At the time of going to press, a top source at Graff revealed to the Evening Post that insurance officials were still evaluating the losses incurred by Graff jewellery store at Wafi City after yesterdays armed robbery, but initial estimate had a figure of at least Dh 20 million. We are still assessing the store with the insurance officials and this is not the final figure. It can increase. Display pieces have been robbed and they were all precious diamonds. Four armed men in two cars had stormed Wafi Mall yesterday and made off with a huge amount of jewellery from the Graff store. Even as the video footage of yesterdays armed robbery at the Graf jewellery store at Wafi City was the must-see of the morning, eye-witness accounts, including one from the person who shot the video, were useful in reconstructing in some detail the manner in which the robbery happened.
Third arrest made in shooting of 3-year-old
Jackson County prosecutors this morning accused a third person of firing shots into an apartment where a young boy was wounded. Cody J. Brown, 17, of Kansas City, faces felony charges of unlawful use of a weapon, armed criminal action and a misdemeanor tampering charge. Police allege that Brown was with at least two other men who drove through Stonegate Meadows in east Kansas City and fired shots into a unit there. A 3-year-old boy was seriously injured when a bullet struck him in the leg. He is expected to recover. On Thursday, prosecutors filed the same charges against Independence teens Kwatez L. Sinton and Raymond J. Cage. According to court documents, Cage and Sinton told police that they were trying to scare a group of residents at the apartment complex and did not intend to wound anyone.
Township regulations stall Green Acres plan
Renovations at Green Acres Plaza remain tangled, with officials wrangling over traffic flow at the Saginaw Township shopping center. Then there's the not-so-little matter of the pending sale of the property to an Australian company. Mall manager New Plan Excel Realty Trust Inc. of New York is eager to begin what it says will amount to multimillion-dollar remodeling at the more than 40-year-old site, which spans 257,000 square feet at State and Hemmeter. A limit on the number of exits to the parking lot, however, by the township and the state Department of Transportation has slowed the project, said Martin Liles, vice president of redevelopment in New Plan's Farmington office. "We are negotiating with a national anchor tenant that would replace Farmer Jack," he said of the grocery store that closed two years ago.
IBM Teams With Simon Fraser University to Fight Crime
VANCOUVER, BRITISH COLUMBIA and TORONTO, ONTARIO--(CCNMatthews - April 23, 2007) - Simon Fraser University has received a $5-million donation from IBM of new technology that will help law enforcement officials fight crime by understanding when, where, and why crimes are committed.
Under the agreement, IBM will work with SFU's Institute for Canadian Urban Research Studies to create a crime prevention and analysis lab. Two RCMP research chairs, Drs. Patricia and Paul Brantingham, will lead research to examine how factors such as city design, the layout of road networks, and shopping mall hours affect the location, frequency and severity of urban crime.
The SFU lab will be equipped with IBM's threat and fraud intelligence and law enforcement technology. This includes IBM's Crime Information Warehouse, Entity Analytic Solutions, Global Name Recognition, Information Integration Suite, DB2 Data Warehouse Edition and OmniFind.
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